Finance

Baone Twala on the BRICS Bank

27 April 2015

By Salil Tripathi, Senior Advisor, Global Issues, IHRB

Baone Twala is a candidate attorney at the Centre for Applied Legal Studies (CALS), a human rights organisation and law clinic based at the University of the Witwatersrand in South Africa.

She works in CALS’ business and human rights unit, focusing on international and regional advocacy. Baone is currently leading CALS' work on the new international development bank being set up by the emerging economic powers – Brazil, Russia, India, China, and South Africa, collectively known a BRICS.

IHRB’s Salil Tripathi spoke to Baone Twala by phone, discussing the rationale of the BRICS Bank, now known as the New Development Bank (NDB). Baone stresses the importance of an international financial institution that is not under the control of major economic powers, and emphasises the need for greater transparency in negotiations and greater accountability.

Download Filetype: MP3 - Size: 7.9MB - Duration: 8:37 m (128 kbps 44100 Hz)

Latest IHRB Publications

Increasing Access to Business Practice is Key to Scaling Respect for Human Rights

Finding effective ways to talk about human rights with colleagues is a common challenge confronted by practitioners working in companies to drive implementation of respect for human rights. 

Whether these discussions happen within one’s immediate...

Do It Just: Has Nike Started a New Trend?

“Believe in something. Even if it means sacrificing everything.” 

These words, embossed over a close-up photograph of Colin Kaepernick, have already created debate over what many consider a controversial choice by sports company Nike to feature the...

Children’s Rights and Business – Stuck in the “Too Difficult” Box?

Businesses impact on the lives of children in a variety of direct and indirect ways.

Children are consumers of products and services, they are dependents of workers, and they might be young workers themselves or, at least, will be future workers...